Job Extinction And More Bad News

Over 2 million jobs have been eliminated from the work force in the last two years and they will not be coming back. This is in addition to the millions of jobs lost during the first decade of this century. Some of the hardest hit job markets have been construction, printing, travel, clerical and administration.

Many of these job losses were going to occur simply because corporations found ways to use technology to replace more expensive personnel. The print media and printed products are dying due to the wild expansion of the internet into the daily lives of millions of people. How many people actually write a check anymore? Have you noticed how small your Yellow Pages books are getting these days? I know I use Google if I want to find someone or something. This has led to a shockingly big number of over 40% of printers losing their jobs from the end of 2007 to the end of 2009. This number will continue to expand.

1 .7 million American workers employed in administrative and clerical occupations at the beginning of this recession (depression for the middle class in my humble opinion) were no longer working in these positions by then end of 2009.

How many people actually use travel agents anymore? The internet is filled with travel sites offering discounted fares and vacation packages.

Construction will never see a housing boom we experienced in the last fifteen years. Many of the the construction jobs, mortgage jobs, and supply house jobs will never return.

Stockholders of these companies making many of these changes recognize the importance of the bottom line. Most of these job losses do lead to “leaner and meaner” companies, adding to the profit column. In fact, last quarter was the highest level of productivity growth in 50 years. So… doesn’t record corporate profits make you giddy while standing in the unemployment line?

One portion of the population hardest hit is the over fifty crowd. Many fifty something workers will never return to the job force. Reasons for this include salary demands, diminished physical skills, and just plain age discrimination.

So what has this all led to? That the likely hood any job prospects for millions of workers that have been unemployed for months, sometime years, seems dismal at best. Certainly not in the professions that have seen the greatest losses in this recession. There best hope is to find new skill sets more in demand in this struggling economy.

Okay, that was the bad news. The good news is the internet is growing leaps and bounds every day and offers more income opportunities then ever before. This doesn’t mean just internet marketing. There are many positions available to those that have SEO skills, Social Media skills, and Website Development skills. With these skills you can freelance or work for someone else.

So don’t give up. Do some research and find what might appeal to you personally. Much of the work in the future will be done at a keyboard. Jump in, the water is just fine. Take action now.

Here is a favorite quote of mine for you to ponder over.

“It is not the magnitude of our actions, but the amount of love that is put into them, that matters.” — Mother Teresa

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Written by Joseph Merkle on June 26th, 2010 with no comments.
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